Monetary financing of rescue packages will trigger a significant rise in interest rates

Ron Markus
Monday, 30 March 2020
Ron Markus

Longterm interest rates in the US and stronger Eurozone economies have risen since the March 9 lows. The million dollar question is whether this is due to renewed confidence in economic recovery or the result of increased distrust of the creditworthiness of governments. The latter would imply much higher long-term rates in the future...

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